Somebody has asked me my opinion on Bitcoin. These are my thoughts as I view the chart. It's purely an analysis and an opinion and not a trade idea.
This is my first idea and I have no idea how to write these, so all commentary and other ideas are welcome :) I used Fibonacci Levels from a 1 month timeframe to plot out the long term pricing of this bull market cycle following the halving of 2024. I suspect the top of this cycle being around the $120K mark. If we base this on previous cycles we can expect...
CRYPTOCAP:BTC #BTC Nicely gained $64,344 support, currently testing $66,323 support - time to see if it can hold it, seems unlikely judging by current RSI on 4h, but last 1D close looks great and RSI on 1D also good. $64,344 next support from here. $68,546 next key resistance from here. Watch given S/R
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Break of Structure RSI - Divergence Completed " 1234 " Impulsive Waves Fibonacci Level - 61.80%
I see a fairly aggressive structure, this is good for people who have not yet bought this tool for a lower price. We updated until the halving, we have an ETF, and this is very serious. I didn't believe in bitcoin at 100k and one million. I don't think that a big company like Blackrock, Fidelity wants to make us poor rich) I don't believe it. That's why I open the...
BTC DOWN TO 40-50k. This is because I see at 60k prices going sideways. And looking at the previous BTC trend, BTC will start rallying after the BTC halving. So it is likely that after the halving BTC will be sideway or down. This is just a possibility
CRYPTOCAP:BTC #BTC $61,674 support in effect, previous 4H with bearish engulfing, could revisit $59,788 support, RSI on 4H and 1D looks fine, $64,344 support needed to test for $66,323. Revisiting this area exactly after a month, halving almost here. Watch given S/R
⭐️ Smart investment, Strong finance ⭐️ CRYPTO INFORMATION: Bitcoin's price has experienced a significant decline since April 9. However, the downward trend has become more pronounced in recent days due to three primary factors. Firstly, the escalating confrontation between Iran and Israel has contributed to the market's unease. The former Mossad intelligence...
🪙 CRYPTOCAP:BTC Update April 15 The W weekly frame chart has scanned the liquidity at both ends of the previous week. When the price has not broken through the 60k-72k area, the weekly frame trend is still in the sideway trend, in the sideway it is impossible to predict whether it will increase or decrease further, so in The weekly frame is not dangerous...
What Is a Cup and Handle Pattern? A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading...
Upon analyzing Bitcoin (BTC), we observe a persistent downtrend. Notably, the price has recently entered a crucial support zone and experienced a retracement, potentially presenting a sell opportunity. In our video, we delve into various aspects of technical analysis, including trends, price action, and market structure. It is essential to emphasize that the...
Hey guys, we have tested 64200 and turned back with sell power and small buy volume. I think it was fake out and bull trap, i expected to see hard move down first to 61500, than one more leg down to 59600. Its not financial recommendation, just my personal opinion , whats yours ideas guys?
Look at the chart BTC is at the crucial support zone marked as green zone at $62.4k, if it breaks this zone you see 1 more leg down to $59,005, and if this level does not hold we can see 1 more leg down to the green zone marked at $52,923. There is much liquidity resting in between 52k and 59k. More chances are we can pull back from $59,005 or between. On the...
I was expecting this drop some days ago and here you are. My buy zone worked out perfectly. Now it's getting ready to pump hard and probably hit a new ATH. Invalidation below my support zone
There is still demand for a rebound, so you can go long first and observe the resistance. If you can't break through, go short.
#Bitcoin update BTC is forming this bullish parent/symmetrical triangle pattern in the four-hour time frame; here, 200MA is working as good support. currently tapped into the support deeper till the bottom area and reacted a bit. Price Seems to be hodling the support and might gonna reverse from here. we need to reclaim the 70K resistance for bullish...
BTCUSD look for sell opportunities.it has formed double top an inductor for bears